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The Value of Localization as a Competitive Advantage in Accessing Multicultural Consumers

Retail TouchPoints

What we know for sure is that consumer perceptions and choices are affected by culture, which also affects spending habits. Culture shapes consumer motivations, deliberation styles and decision-making, affecting every stage of the customer journey. American consumers, even those in the top 1% of wealth, are more focused on saving.

Consumer 287
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Leisure and F&B take centre stage at MAPIC 2023

365 Retail

MAPIC 2023 has placed leisure and food and beverage (F&B) at the centre of this year’s event with two dedicated areas, industry-leading insights from exclusive research and host speakers from major global brands including Netflix, Tomorrowland Leisure and Big Mamma Group.

Leisure 57
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MAPIC 2023: Pioneering Sustainable Growth and Innovation in Global Retail and Leisure

365 Retail

The event, a key gathering for the retail, leisure, and hospitality industry, organised by Reed Exhibitions, was a hive of excitement and bustling activity. In a strategic move, Savills expanded its global footprint with the acquisition of Nash Bond, a leader in retail and leisure advisory.

Leisure 62
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MAPIC 2023 Preview: Why Cannes is the Destination for the Retail, Leisure, and Hospitality Industry this November

365 Retail

As the year approaches its end, excitement is mounting across the retail, leisure, and hospitality industries for the upcoming MAPIC 2023 event, scheduled to take place from November 28 to 30 in Cannes. The event is designed to nurture business ties among retail operators, municipalities, shopping venues, and property developers.

Leisure 67
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What do Today’s Consumers Really Want? #RIC21 Day One Answers the Question

Retail TouchPoints

It’s the question every retailer wants the answer to: what do consumers (and more specifically, those likely to buy their products) really want? The day kicked off with a keynote presentation by Jeff Orschell, EY Americas Practice Leader: “Bottom line for retailers is that change is still happening, consumer behavior is still changing.

Consumer 322
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UK Consumer Spending Slows in December, Yet Entertainment and Travel Sectors Thrive

365 Retail

In December 2023, the UK witnessed a modest rise in consumer card spending, increasing by 2.3% However, the entertainment and travel sectors saw a surge as consumers eagerly booked experiences and getaways for 2024. year-on-year, which fell short of the CPIH inflation rate of 4.2% and was lower than November’s growth of 2.9%.

Travel 104
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The Product of Places: The Secret Equation to Convening Consumers

Retail TouchPoints

Rather than chasing the obvious trends everyone else is pursuing, we dig deep into the human psyche to uncover the unmet consumer needs yet to be served by brands. Despite this, the industry keeps building them for the convenience of the operators, not the comfort of customers. So why does this matter in retail?

Consumer 130